Tuesday, June 14, 2011

From RR
  • How libertarianism helps the poor. The first mistake is to believe the government when it claims that its policies are intended to help the poor. They almost never are. The great bulk of redistributive taxation and subsidization goes to benefit interest groups that are politically powerful, not economically vulnerable. Think Medicare, agricultural subsidies, and the mortgage interest deduction. And most existing regulation of business is, paradoxically enough, for the benefit of business itself. Regulation raises the cost of doing business, and so establishes a barrier to entry that benefits large existing firms at the expense of their smaller competitors.
  • From LRC: more on would-be tyrants hating the Internet.

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